A Plan for Regulatory Reform

Description:

Internal auditors have a responsibility, under the International Standards for the Professional Practice of Internal Auditing, to help ensure their organizations are addressing and managing regulatory change risk effectively. Using a top-down framework based on guidance from the U.S. Federal Sentencing Guidelines, internal auditors can assess the organization’s approach to compliance. The guidance has been emulated by governments of non-U.S. countries when outlining steps to ensure compliance with major laws and regulations. It can guide auditors, step by step, through a structure review of what’s coming down the pike.

Learning Objectives

To give internal auditors a framework for assessing whether their organizations are addressing and managing regulatory change risk effectively.

Topics / Key Words will include:

  • U.S. Federal Sentencing Guidelines
  • Assessment Model
  • Identification of Laws and Regulations
  • Risk Assessment
  • Policy Development
  • Compliance Procedures
  • Regulatory Communication
  • Staff Training
  • Acknowledgment Procedure
  • Whistleblower Hotline
  • Monitoring Controls
  • Compliance Auditing
  • Corrective Action

Course Duration: 1 hour
CPEs Available: 1
Knowledge Level: Basic
Field of Study: Auditing
Prerequisites: None
Advance Preparation: None
Delivery Method: Group Internet Based

Speaker

Nancy HaigNancy Haig, CIA, CCSA, CRMA, CFSA
Director of Internal audit and Compliance, Alvarez and Marsal

Nancy Haig most recently led both the internal audit and compliance functions of Alvarez & Marsal (A&M). Ms. Haig has over 20 years of risk-based, global internal audit and compliance experience in the healthcare, professional services, pharmaceutical and financial services industries. Prior to joining A&M she implemented the corporate internal audit function for Aveta, Inc., a private company providing managed care services; and building and providing support services to integrated physician networks. She was the vice president of Internal Audit with Eisai, Inc., a Japanese pharmaceutical company for the prior six years, and led a team of professionals focused on completing an annual plan of operational, financial, IT and regulatory compliance audits; as well as enterprise risk management. Previously Ms. Haig was twice employed by KPMG, as the Associate Director of Internal Audit; and as a Director in the Forensics and Litigation Practice where she implemented compliance and ethics programs for companies in the metro-NY area.

Ms. Haig began her internal audit career at JPMorgan (Chemical Bank) and was an AVP prior to leaving for a few years to raise two daughters. She earned her undergraduate degree in Economics/Business Administration from Wagner College, an MBA in Management/Finance, also from Wagner, and most recently a second MBA from Capella University. She holds a number of professional certifications (CIA, CCEP, CFE, CBA, CFSA, CCSA, CRMA, CRISC). She currently serves as a member of the IIA’s North America and global board of directors.

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